Are Butterfly Labs One Big Scam (Bitcoin Miners)?

Are Butterfly Labs A Scam?

  • Yes

    Votes: 20 74.1%

  • No

    Votes: 7 25.9%
  • Total voters
    27
jacky8 said:
I still remember lukep "plotting world domination". So this is beginning of world domination by lukep
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STOP. FUCKING. OUTING. BRO.

jacky8 said:
Ideas on how to manage heating issues?
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Fans... I've got every last internal fan I can fit in my case plugged into the motherboard &/or empty power connectors.

If you're going to overclock anything, you may want to step up to liquid cooling. A glance at the prices on these cooling systems for video cards doesn't look worthwhile from what I've seen.
 


I have liquid cooling and each of my video cards has its own two fans! But then again my system wasn't built for mining..

WL8Oc6O.png
 
Here's the truth:

It's not a scam. They have delivered before (FPGAs) and they will deliver again.

Those saying it is a scam are:

1) People who have already purchased (from both BFL and Avalon) and are trying to keep others from purchasing in order to keep the difficulty low and secure higher profits for a longer period of time.

2) GPU miners that do not want to go unprofitable on their GPU rigs.

3) Botnet owners that do not want to go unprofitable on their GPU mining botnets.

4) People who were convinced by the people above.


Take it or leave it.
 
^You know what was the last straw that really convinced me?

Look how suspicious this announcment is:

https://bitcointalk.org/index.php?topic=163261.0

First, on April 1st, Luke-Jr (No relation) who is in Australia, announces that the first BFL ASIC has been shipped. His words: "I have it" ...And then he shows this pic:
attachment.php


Luke-Jr also tells other Devs that he has it in other threads.

On an off-site Chatbox, BFL's CEO, Josh says:
BFL-Josh said:
"So we've officially shipped on March 31st, 2013. So this is not an April Fools joke."
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March 31st was Easter Sunday... In Kansas... Good luck shipping that out to Oz within 24 hours...!

But wait, it gets better!

After several posts arguing about whether or not the march 31st deadline for a bet was made, someone there (Phinnaeus Gage) remembered an official BFL Youtube video that looked kinda familiar:

8608273267_04e5e7f50f_z.jpg


D'oh!

Someone there even wondered if the video was taken at Luke-Jr's house, but the EXIF data on the original photo shows it was taken by someone named Josh on March 31st! Double-D'oh!

So at this point both Josh and Luke-Jr look like they are up to something, and neither of them give a credible explanation. On a different thread, Luke-Jr admitted that he left it in Kansas. He has since said he's been running it remotely this whole time since his trip to KS a month prior.

So at the very least, Luke-Jr is a liar and no product was shipped. Perhaps he had money on the "Will not ship by March 31st" bet... There was a lot of bitcoins riding on that... But even if he did so, it doesn't explain why JOSH said it had shipped on that date too!

Clearly the two are in cahoots. This is a conspiracy, plain and simple. I cannot trust either one of them.
 
It is Luke's but he left it at the BFL office. He touched it physically but it never shipped. A little word play on Josh's part (don't like that guy).
 
lukep said:
^You know what was the last straw that really convinced me?

Look how suspicious this announcment is:

https://bitcointalk.org/index.php?topic=163261.0

First, on April 1st, Luke-Jr (No relation) who is in Australia, announces that the first BFL ASIC has been shipped. His words: "I have it" ...And then he shows this pic:
attachment.php


Luke-Jr also tells other Devs that he has it in other threads.

On an off-site Chatbox, BFL's CEO, Josh says:

March 31st was Easter Sunday... In Kansas... Good luck shipping that out to Oz within 24 hours...!

But wait, it gets better!

After several posts arguing about whether or not the march 31st deadline for a bet was made, someone there (Phinnaeus Gage) remembered an official BFL Youtube video that looked kinda familiar:

8608273267_04e5e7f50f_z.jpg


D'oh!

Someone there even wondered if the video was taken at Luke-Jr's house, but the EXIF data on the original photo shows it was taken by someone named Josh on March 31st! Double-D'oh!

So at this point both Josh and Luke-Jr look like they are up to something, and neither of them give a credible explanation. On a different thread, Luke-Jr admitted that he left it in Kansas. He has since said he's been running it remotely this whole time since his trip to KS a month prior.

So at the very least, Luke-Jr is a liar and no product was shipped. Perhaps he had money on the "Will not ship by March 31st" bet... There was a lot of bitcoins riding on that... But even if he did so, it doesn't explain why JOSH said it had shipped on that date too!

Clearly the two are in cahoots. This is a conspiracy, plain and simple. I cannot trust either one of them.
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The power plug is American, not Australian.
 
It's the gold rush all over again. Sell the tools and stop digging for gold faggots.
 
lukep said:
You are turning into such a troll lately.

History will judge you to be working against freedom this year.
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I've noticed a lot of hostility toward bitcoin due to it being another fiat currency not really backed by anything. There are a lot of arguments for why its not fiat currency, but at the end of the day, it is. There is literally nothing you can do with a bitcoin except to use it as a vehicle for trading.

However, what sets it aside from other fiat currency's is the fact that it is the only one I can think of off the top of my head, that is not backed by military force. It is the only one that opens up real competition between currency.

On the other hand, fiat currency is in the beginning of its death throes. Bitcoins success will help fiat currency live a little bit longer, and even though it does open up opportunity for competing currency, it probably wouldn't be difficult for a government to start buying up bitcoins, or investing its existing or new computing resources to mining if it really wanted to toss a wrench in the young crypto currency market. If a government managed to hold a majority of the coins, they effectively re-monopolize a fiat currency and we're back to square one.

Still, I like what bitcoin is doing. At the very least, its showing people that it is possible to replace a broken system without tearing it down and rebuilding from scratch.

I'm in a very small minority though who believe that in the next 20 to 50 years, currency (and government) will lose any utility it had to justify its existence whether it likes it or not.
 
(O_o) said:
Build your own parallel computing processing rigs.

If you can mine @ 2ghps+, you can mine profitably.

BitMinter - Bitcoin made easy! - Install this miner and run it on your computer. A decent gaming desktop should mine with GPU at around 1-500 mhps. Now get 4-5 of your local friends mining on the same account, you can reach 2 ghps easily and mine .10-.30 BTC per day. Daily payout.
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I'll just leave this here...

28_bitcoin.jpg
 
Napolean said:
I've noticed a lot of hostility toward bitcoin due to it being another fiat currency not really backed by anything.
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This really puzzles me.

If that's all that people like Guerilla are worried about, then that's a reason for it to have a chance at failing; not a reason for it to be a bad thing.

Guerilla himself, as have just about every Mises article I've read on the subject, have all said that competing currencies are a good thing. These sources all say that Force-backed currencies are a bad thing.

Bitcoin is the only chance in their lifetimes to ever see either of those two critera for themselves.

...And who knows? Perhaps it and it's P2P bretheren will greatly reduce the power of governments too, like they are designed to do.

For them to be against bitcoin is truly troubling. There is a huge difference between thinking it could/would fail and working against it.


Napolean said:
There are a lot of arguments for why its not fiat currency, but at the end of the day, it is.
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No argument here.

I just don't see that as a problem in this case... Our next form of money WILL be based online, and not backed by anything... Period.

So I can't see any possible way that the best currency of the future won't be fiat.


Napolean said:
If a government managed to hold a majority of the coins, they effectively re-monopolize a fiat currency and we're back to square one.
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That's a matter to investigate Miners and Devs about, not heckle the entire system.

I don't see many people around here besides myself reading up on the Mining and Dev's blogs and finding out what the code actually says for themselves... If they would have done so they'd be much bigger fans of bitcoin without a doubt.


Napolean said:
I'm in a very small minority though who believe that in the next 20 to 50 years, currency (and government) will lose any utility it had to justify its existence whether it likes it or not.
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I agree with you completely... And the vehicle to that will be P2P.

There will be a P2P network/app/platform for every imaginable issue one day. Medical, leadership, business, space exploration, dating, mathematics, gaming, you name it, the optimum way to arrange everything we humans do is through a totally decentralized P2P network... Which do not play well with governments at all.

I'm just shocked that anyone who calls themselves an anarchist wouldn't be advocating every P2P advancement they could.
 
lcver said:
Here's the truth:

It's not a scam. They have delivered before (FPGAs) and they will deliver again.

Those saying it is a scam are:

1) People who have already purchased (from both BFL and Avalon) and are trying to keep others from purchasing in order to keep the difficulty low and secure higher profits for a longer period of time.

2) GPU miners that do not want to go unprofitable on their GPU rigs.

3) Botnet owners that do not want to go unprofitable on their GPU mining botnets.

4) People who were convinced by the people above.


Take it or leave it.
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BFL is that you?

Show any proof that even one of these things has been shipped or even manufactured and tested. The concept has not even been proven. Utter bullshit on all counts.
 
lcver said:
It is Luke's but he left it at the BFL office. He touched it physically but it never shipped. A little word play on Josh's part (don't like that guy).
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http://www.wickedfire.com/shooting-shit/167061-blackhatworld-trolled-scammed.html

Have fun, you're in for a rollercoaster ride...

lukep said:
This really puzzles me.

If that's all that people like Guerilla are worried about, then that's a reason for it to have a chance at failing; not a reason for it to be a bad thing.
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What do you mean by bad thing? I don't think I've seen anyone here say anything about BTC that'd dispute that comment, only stuff like the chances of failing and losing money, the partially because of the fiat currency aspect.
 
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